National Bank Financial Cuts TRANSAT AT (TRZ) Price Target to C$6.00

TRANSAT AT (TSE:TRZ) had its target price decreased by research analysts at National Bank Financial from C$7.00 to C$6.00 in a research note issued to investors on Friday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 22.45% from the stock’s current price.

Separately, TD Securities boosted their price target on TRANSAT AT from C$7.00 to C$8.00 and gave the stock a “hold” rating in a research note on Monday, December 17th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. TRANSAT AT presently has a consensus rating of “Hold” and a consensus target price of C$10.19.

TRZ traded up C$0.05 on Friday, hitting C$4.90. The company had a trading volume of 167,665 shares, compared to its average volume of 49,339. TRANSAT AT has a 12-month low of C$4.52 and a 12-month high of C$9.53. The firm has a market capitalization of $182.28 million and a PE ratio of 49.00.

TRANSAT AT (TSE:TRZ) last issued its quarterly earnings results on Thursday, December 13th. The company reported C$0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.39 by C$0.06. The business had revenue of C$668.27 million for the quarter, compared to analysts’ expectations of C$663.50 million. As a group, research analysts predict that TRANSAT AT will post 0.05 earnings per share for the current fiscal year.

TRANSAT AT Company Profile

Transat A.T. Inc operates as an integrated tour operator in the Americas and Europe. It develops and markets holiday travel services in packages, including air travel and hotel stays, and air-only formats to 60 destinations in approximately 25 in the Americas and Europe. The company also operates as an outgoing tour operator to purchase various components of a trip locally or abroad and sell them separately or in packages to consumers in their local markets, through travel agencies, or through the Web.

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Analyst Recommendations for TRANSAT AT (TSE:TRZ)

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